Markets extend rally, KLCI holds on to most gains

KUALA LUMPUR: Asian markets extended their rally on Wednesday while Bursa Malaysia held on to most of the early gains following positive news about the US government’s massive economic stimulus bill to cushion the impact of the Covid-19 coronavirus.

At 5pm, the FBM KLCI was up 32.81 points or 2.54% to 1,323,95. Turnover surged to 4.33 billion shares valued at RM2.83bil. Advancers beat decliners 641 to 267 while 356 counters were unchanged.